Cerberus to Buy Goodwin's Mechanical Engineering Arm for £1.1 Billion
New York – September 12, 2026 -- Cerberus Capital Management has agreed to acquire a substantial part of the Mechanical Engineering Division of Goodwin plc for a headline cash consideration of up to approximately £1.1 billion, subject to customary purchase price adjustments. The deal is expected to close in the first quarter of 2027, pending regulatory approvals and other customary closing conditions.
Deal covers five businesses serving global defense and nuclear markets
The transaction includes Goodwin Steel Castings Limited, Goodwin International Limited, Noreva GmbH, Easat Group, and the Pump Division. These units supply proprietary design, advanced manufacturing, and technical expertise to aerospace and defence, nuclear, power, and mining customers worldwide.